In just a few years, AI has become one of the biggest recipes for success in the world of startups. AI startups are very popular with investors. As a result, industry startups have received funding above average in the past five years. An international study by the AI developer Gieni has shown that over the past five years only, About $ 41.5 billion circulated in a total of 536 companies founded worldwide. The AI sector is therefore in seventh place among the startup sectors with the highest investment amounts in the past five years.
“AI is the sustainable growth engine of the future”
“”The results of our study clearly show that, despite its relatively new presence on the market, Artificial intelligence has already played a central role in the landscape of startups. While traditional industries such as manufacturing and continue to record the highest investment amounts, AI’s rapid development shows that this technology is not only a temporary phenomenon, but a sustainable growth engine the future“Explains Timur Göreci, Director of income for developer Gieni Orderfox Schweiz AG.
While the AI revolution continues to progress, other sectors still hold the blows in the front row. THE manufacturing industry is at the forefront. In the past five years, 322 companies have been founded worldwide, with a total of around 55.7 billion dollars invested. A younger sector, but now just like traditional, follows behind: The IT sector won a total of 717 companies in the past five years, with a total of around 52.7 dollars invested. THE health sectorOn the other hand, is in third place with an investment of $ 50.9 billion in a total of 683 companies.
AI startups exceed the automobile, energy and fintech industries
AI has already managed to exceed certain sectors. According to Gieni’s analysis, the automotive industry is far behind in seventh place, with around $ 36.5 billion for 106 companies. Investors have invested nearly $ 5 billion less in this area than in artificial intelligence. At the same time, it also means that in recent years Five times more IA startups made their debut that automotive companies.
The energy sector is even further behind ninth place with 184 founded companies and an investment sum of around 33.5 billion dollars. The first ten are completed by the Fintechs, which were also exceeded by the AI. With 528 companies, roughly the same number of start-ups have been launched here as in AI. Despite this, only about 31.8 billion dollars flocked into industry as investments.
“Significant investments and the high number of startups indicate an imminent era in which AI will play a key role in additional development and modernization a wide variety of industries. It will be exciting to see how this dynamic will continue to take place in the years to come and what new areas of innovation will emerge thanks to the progressive integration of AI, “ said Göreci.